Common use of Option Nontransferable Clause in Contracts

Option Nontransferable. This option shall be neither transferable nor assignable by You other than by will or by the laws of descent and distribution, and may be exercised during Your lifetime only by You.

Appears in 4 contracts

Samples: Stock Option Agreement (Huntco Inc), Stock Option Agreement (Huntco Inc), Stock Option Agreement (Intrav Inc)

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Option Nontransferable. This option The Option shall be neither transferable nor assignable by You other than by you will or by the laws of descent and distribution, and may my be exercised exercised, during Your lifetime lifetime, only by You.

Appears in 1 contract

Samples: Stock Option Agreement (Genomed Inc)

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